Describe Business Dashboards

question 16

Essay

Describe business dashboards.Explain how business or executive dashboards are superior to traditional business reports in terms of keeping managers informed.

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Definitions:

Misallocation

Misallocation refers to an inefficient allocation of resources, where goods or services are not distributed or allocated according to an optimal pattern, often leading to a loss of economic value.

Agricultural Resources

Inputs used in the production of agricultural goods, such as land, labor, capital, and raw materials.

Free World Trade

The international exchange of goods and services without restrictive tariffs, quotas, or other trade barriers.

Tariffs and Quotas

Tools used by governments in international trade policy; tariffs are taxes on imported goods, while quotas are limits on the quantity of goods that can be imported.